what are the benefits of policy holders compensation fund
by Guest » Wed Feb 02, 2011 06:26 am
achievements of policy holders compensation fund
Total Comments: 3
Posted: Wed Feb 02, 2011 09:11 am Post Subject:
Are you asking about an INSOLVENCY proceeding or some sort of CIVIL LITIGATION? If not, I have no idea what you want to know.
Posted: Wed Feb 02, 2011 01:27 pm Post Subject:
Well, I haven't heard of such a fund in the U.S. Which nation are you referring to?
Posted: Wed Feb 02, 2011 02:44 pm Post Subject:
I haven't heard of such a fund in the U.S.
Oh, they've existed in the US in the past. Court ordered restitution to policyholders in the wake of the Universal Life scandals of the 1980s and 1990s, the insurer would place money into the fund and policyowners filed their claims with the court, when the claims deadline passed, the policyowners who filed claims were paid.
Posted: Wed Feb 02, 2011 09:11 am Post Subject:
Are you asking about an INSOLVENCY proceeding or some sort of CIVIL LITIGATION? If not, I have no idea what you want to know.
Posted: Wed Feb 02, 2011 01:27 pm Post Subject:
Well, I haven't heard of such a fund in the U.S. Which nation are you referring to?
Posted: Wed Feb 02, 2011 02:44 pm Post Subject:
I haven't heard of such a fund in the U.S.
Oh, they've existed in the US in the past. Court ordered restitution to policyholders in the wake of the Universal Life scandals of the 1980s and 1990s, the insurer would place money into the fund and policyowners filed their claims with the court, when the claims deadline passed, the policyowners who filed claims were paid.
But, you're right, this is not a customary thing.
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